Overview
What is Black Business Association Of Memphis Tn?
The Black Business Association of Memphis TN, abbreviated as BBA, is a 501c6 nonprofit organization located at 480 Dr. Martin L. King Jr. Ave, Memphis, TN 38126. Established with the purpose of supporting minority and women-owned businesses in the Memphis region, BBA serves as an advocacy organization that focuses on continuous development. Their mission is to enhance the economic well-being and improve the quality of life for all stakeholders in the Memphis area by fostering successful entrepreneurs through advocacy, education, and business development. The organization currently employs a team of three individuals. This nonprofit's activities and accomplishments for the fiscal year ending June 30, 2022, can be found in Schedule O. The specifics of these achievements are not provided in the information provided.
Official website here: www.bbamemphis.com
Is Black Business Association Of Memphis Tn legitimate?
Black Business Association Of Memphis Tn is a legitimate nonprofit organization registered as a 501(c)(6) entity. Black Business Association Of Memphis Tn submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $176,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $62,629
For more financial information, click here
Official website here: www.bbamemphis.com
What is the mission statement of Black Business Association Of Memphis Tn?
The Black Business Association of Memphis, Tennessee, as a 501(c)6 organization, serves as an advocacy group, with a mission to enhance the economic prosperity and quality of life for all stakeholders. It achieves this objective by fostering the growth of successful entrepreneurs through advocacy, education, and business development initiatives. The organization aims to support Minority and Women-owned businesses in the Memphis region, striving to contribute positively to its economic landscape. However, further details about the organization's activities and accomplishments during the fiscal year ended June 30, 2022, can be found in the provided Schedule O.
Official website here: www.bbamemphis.com
Who is the CEO of Black Business Association Of Memphis Tn?
Ernest D Strickland is the President/Ceo of Black Business Association Of Memphis Tn. The CEO's salary of Black Business Association Of Memphis Tn is $132,500 and their total compensation is $132,500.
Official website here: www.bbamemphis.com
What is the revenue of Black Business Association Of Memphis Tn?
Black Business Association Of Memphis Tn's revenue in 2022 was $551,090.
Official website here: www.bbamemphis.com
Who are the executives of Black Business Association Of Memphis Tn and what are their salaries?
The average compensation at Black Business Association Of Memphis Tn during 2022 was $79,543. There are 3 employees at Black Business Association Of Memphis Tn.
Here are 5 key members and their salaries (Black Business Association Of Memphis Tn's CEO's salary is $132,500 and their total compensation is $132,500):
- Compensation: $132,500
- Related: $0
- Other: $0
- Compensation: $43,500
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.bbamemphis.com
Where can I find the form 990 for Black Business Association Of Memphis Tn?
Black Business Association Of Memphis Tn's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bbamemphis.com
Learn more at the official website: www.bbamemphis.com
Mission Statement of Black Business Association Of Memphis Tn
The Black Business Association of Memphis TN, as a 501 c6 organization, is committed to serving as an advocacy group that continually supports Minority and Women-owned businesses in the Memphis region. Its mission is geared towards enhancing the economic well-being and improving the quality of life of all stakeholders in the region. This is achieved by nurturing the growth of successful entrepreneurs through advocacy, education, and business development initiatives. By doing so, the Black Business Association of Memphis TN aims to contribute significantly to the overall economic growth and prosperity of the region.
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Impact
October, 2024
The Black Business Association of Memphis, TN, plays a vital role in enhancing the economic landscape and overall quality of life for minority and women-owned businesses in the Memphis region. By focusing on advocacy, education, and business development, the organization supports entrepreneurs in navigating the complexities of the business world.
Through initiatives aimed at strengthening the entrepreneurial ecosystem, the association fosters networking opportunities, skill development, and access to essential resources for its members. This continuous support helps to elevate the visibility and success of minority and women-owned businesses, ultimately contributing to community improvement and economic growth in Memphis.
Their efforts not only empower individual entrepreneurs but also create a more inclusive economic environment, which positively impacts the broader community. By championing the interests of marginalized business owners, the Black Business Association of Memphis effectively enhances social equity and promotes sustainable economic development in the region.
This information is meant to be a general summary of Black Business Association Of Memphis Tn. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $7
- Gross Receipts: $551,090
Assets and Liabilities:
- Total Assets: $644,140
- Total Liabilities: $168,000
- Net Assets: $476,140
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Organization Details
Founding Year
1974
Phone
(901) 636-9317Principal Officer
Ernest D Strickland
Main Address
480 Dr Martin L King Jr Ave, Memphis, TN, 38126
Website
www.bbamemphis.comNTEE Category
Code: S43 - Community improvement
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